SBI Prime Credit Card 2021: Read this article to know all about cashback, reward points, eligibility criteria etc. Apply with Roopya.
Matching the lifestyle standards is something that people of every age group strive for. Leading a posh life and matching up to what the peer group is doing has become an obsession among most people. Well, there is no harm in doing provided you are careful about the expenditure you make.
There are many credit card options that give you innumerable shopping benefits and other facilities that help you fulfill your objective. One of them is the SBI Prime credit card.
|Welcome Benefits||Gift voucher worth Rs. 3000|
|Joining Fee||Rs. 2999|
|Reward Points||20 Point per Rs. 100 spent|
|Lounge Access||8 Domestic & 4 international lounge access|
|Free Insurance||Air accident insurance cover of Rs.50 lakh & credit card fraud protection worth Rs. 1 lakh|
Want to compare with other cards? Visit Compare Credit Cards.
The SBI card is an option that allows cardholders to spend as much as they want while giving them lots of opportunities to save and enjoy other monetary benefits. As the name itself suggests, this credit card lets you enjoy a premium lifestyle by offering huge financial benefits. Though the first-time investment is more than what you have to usually pay for other credit cards from SBI, the benefits offered too are more than what the rest of them provide.
You have to pay an annual fee of Rs. 2,999 plus the applicable taxes, which constitutes your first-year fee. The amount remains your renewal fee for the upcoming years until you keep using this SBI Prime credit card. The customers who use the credit card and spend at least Rs. 3 lakh annually, they enjoy a fee waiver as well. This means they won’t have to pay the renewal fee for the upcoming year. Isn’t it great?
So far as the credit limit for the credit card is concerned, it is completely at the discretion of the bank. There are a number of factors that SBI would take into consideration to decide the credit limit, which will include the credit history of users, credit score, repayment behavior for past and present outstanding amounts, etc.
Apart from giving cardholders a chance to enjoy a posh lifestyle and maintain the same while having a balanced financial status, this SBI card Prime version has many other features to exhibit. Let’s have a quick look at them:
As soon as you become a Prime credit card member, you will receive a welcome SMS from the bank on your registered mobile number or email ID accompanied with multiple e-vouchers to choose from within 15 days of the payment of annual fees.
You can redeem the voucher for Bata/Hush Puppies, Shoppers Stop, Pantaloons, etc. You can use the code of your chosen e-voucher at the store and it will get redeemed.
In addition to this, you can also redeem the SBI card Prime code online for Yatra and Shoppers Stop while making a purchase. You will hardly get such an amazing welcome offer for any card from any bank whatsoever it may be.
You can use the SBI Prime credit card for daily purchases and that too with ease. How? You can just wave your card to make the payment. During the pandemic, people refrain from coming in contact with anyone.
In such a situation, these cards have emerged to be a great blessing. The cardholders can hold the card themselves and wave the same to make the transaction happen.
No contact or no connection takes place. The shops where the cards are being used should have the relevant card reader and things are done in a blink of an eye.
Yes, the transactions occur faster. This is because you don’t need to rely on anyone to come, take your card, swipe it for making the payment as you used to do earlier.
You know which machine you need to use it in. You just need to wave the card in front of the reader. from purchasing groceries to buying tickets, you can use these credit cards for all kinds of purchases.
Earlier, you were likely to forget your card on the reception tables or cash counters. However, with the wave and make payment formula, your card never has to leave your hands.
Thus, there are no chances of misplacement or fraud.
The best thing about this credit card is that it is widely accepted all across the globe. There are 24 million outlets in the world where you can wave this card to make payments. This figure also includes the 3,25,000 Indian outlets.
Like other credit cards offered by SBI, this Prime card also has an add-on facility. Hence you can get the add-on cards made for up to 2 members of your family, which could be anyone – your parents, siblings, spouse, or children. However, whoever is the one should be more than 18 years old.
Having a cash withdrawal facility provided with credit cards is a must these days. You might need cash anytime even on the go. As the SBI Prime credit cardholder, you can withdraw cash from more than 1 million Visa ATMs across the globe.
Using this credit card, you can pay all your bills, including electricity, phone, and others, thereby getting discounts and other special benefits as and when introduced from time to time.
Like other SBI credit cards, this prime version also gives users a chance to convert the transactions into easy installments. If your transaction limit has reached Rs. 2,500 or beyond, you are eligible for this benefit.
Apart from offering huge reward points, this SBI Prime credit card also gives cardholders a chance to accumulate all their outstanding credits in one place and convert them into EMI repayment. The interest rate too is quite low and hence this benefit is widely used across the globe.
The reward points are many, which is yet another reason behind people opting for the SBI Prime credit card. The users can access and earn two reward points per Rs. 100 purchase except for that on fuel. The best part is that you can repay your outstanding amount to the bank using these reward points. This is one of the most amazing benefits of this SBI card. In this case, you should note that 4 reward points would be equivalent to Re. 1.
Moreover, you will get a 1% fuel surcharge waiver if your transaction amount is between Rs. 500 and Rs. 4,000. This will be your expenditure made across all petrol pumps. The maximum monthly fuel surcharge waiver you are expected to get is Rs. 250 per credit card amount.
The loyalty points are also valid on Utility SI transactions that you make against registrations done using the SBI card platforms.
As soon as you reach the transaction limit of Rs. 50,000, you will receive an e-voucher for Pizza Hut on your registered mobile number within 15 days of it.
For a spend of Rs. 5 lakhs, you will be eligible for a Prime credit card Gift Voucher for Yatra.om/ Pantaloons within 10 days of achieving that transaction limit.
There are lots of ravel benefits that you are subject to receive while using this SBI card Prime option. The first is the trident privilege membership. which helps you to instantly save 10% on the bookings you make through the hotel website. Plus, you get 10 points on every Rs. 100 purchase, which is inclusive of the tax, during your stay in the partner hotels.
The next on the list of travel benefits that are offered by the SBI Prime credit card is the complimentary Club Vistara Silver membership that customers get to enjoy. The best part is that you can enjoy 1 upgrade voucher as well. On every spend worth Rs. 100 on Vistara flights, you earn 9 Club Vistara Points.
The cardholders get a chance to enjoy 4 complimentary visits to International Priority Lounges in a year. Hence, you can make two visits per quarter to any lounge outside India and enjoy the special treatment. In case you are in India, you can enjoy the same treatment at domestic VISA/Mastercard Lounges and that too 8 times in a year, accounting for a maximum of 2 visits per three months.
The card Prime benefits are innumerable in number but the most special are the birthday benefits these cards offer. You can earn 20 loyalty points per Rs. 100 purchases on your birthday, one day before and one day after. Thus, you are free to shop for yourself this birthday, but remember that the reward points are restricted to 2000 per year.
Above all, you can also enjoy 4 complimentary rounds on Green Fees per year. Plus, you can also get 1 complimentary golf lesson in a month at some specific courses in India. Along with this, there are other benefits too that you can enjoy while owning the SBI Prime credit card. Some of these include:
You get free air accident coverage worth Rs. 50 lakh along with security against credit card fraud, providing a coverage of Rs. 1 lakh for primary cardholders. This coverage is applicable 48 hours before the loss is reported to 7 days after the same.
Though the benefits are many, you can only enjoy them if you are eligible to apply for the SBI Prime credit cards. To know if you qualify, you can check the below-mentioned criteria that make you eligible for making the application:
To check the eligibility criteria more accurately, you can:
While applying for this SBI credit card, you need to make sure to accompany the application with the following documents:
However, SBI might ask for some other document as applicable for advanced verification.
For more details, click here.
There are two ways of applying for the SBI Prime Credit Card – one is through the official website of SBI and another is through us – roopya.com.
Once you submit the application with all the documents attached, you will receive an application ID using which you can track your application status.
As stated above, there are a number of reward points that you receive in lieu of your loyalty towards the bank and its products. If you are looking forward to redeeming the same. here are the steps that you need to follow:
The benefits include:
You have to pay an annual fee of Rs. 2,999 plus the applicable taxes, which constitutes your first-year fee.
Yes, it is given the features and benefits it offers.
The credit limit for the credit card is completely at the discretion of the bank. There are a number of factors that SBI would take into consideration to decide the credit limit, which will include the credit history of users, credit score, repayment behavior for past and present outstanding amounts, etc.
The steps are as follows:
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